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Bank of America Q2: Record Trading Revenue, Investment Banking Surge
Bank of America smashed Q2 estimates with record trading revenue and a 20%+ jump in investment banking fees. Shares rose nearly 2% in intraday trading.
News
Bank of America smashed Q2 estimates with record trading revenue and a 20%+ jump in investment banking fees. Shares rose nearly 2% in intraday trading.
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JPMorgan upgraded American Express ahead of earnings, betting the spending power of the wealthiest Americans will hold up despite rising geopolitical risks. Big bank earnings season kicks off Tuesday with expectations for a 26% jump in investment banking revenue.